Base metals recover on industrial off-take

Led by nickel, most of the base metals recovered moderately at the non-ferrous metal market here today on emergence of fresh buying from stockists coupled with better industrial off-take.

Nickel strengthened by Rs 10 per kilo to Rs 1,170 from yesterday's closing level of Rs 1,160.

Copper cable scrap, copper wire bar, zinc and lead firmed up by Rs 2 per kilo each to Rs 400, Rs 428, Rs 125 and Rs 116 respectively.

Copper scrap heavy, copper utensils scrap, brass utensils scrap and aluminium utensils scrap edged up by a rupee per kilo each to Rs 393, Rs 361, Rs 263 and Rs 100.